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▪ ADDRESS 3406 E. Olympic Blvd

▪ CITY , CA 90023

▪ SUBMARKET Boyle Heights

▪ PROPERTY TYPE Manufacturing (Light)

▪ CURRENT USE Art Studio

▪ BLDG. SF 3,900

▪ LOT SF 4,190

▪ YEAR BUILT 1953

▪ ZONING LAM2

▪ APN 5190-035-002

3406 E. OLYMPIC BLVD | LOS ANGELES, CA 90023 3 4 5 6 The individual offices and open floor plan totaling approximately 3,900 square feet allow for a buyer with an eye for design to bring their vision to life. With two restrooms, an abundance of storage and plenty of street parking, a Buyer’s vision can soon become reality.

This fast-growing, fashion-district adjacent neighborhood is located just outside of near Olympic Boulevard and Spence Street. An Owner User will benefit from outstanding access to retail, entertainment and cultural venues within the immediate submarket as well as freeway access to nearby neighborhoods like Downtown LA, Silverlake, Echo Park and Hollywood. The Metro Gold Line now extends through Boyle Heights, providing light rail transit service in the Eastside.

7 Delivered vacant Bldg Area 3,900 SF Lot 4,190 SF Easy access to all Freeway 5,10,60 & 101

Close to Arts and Fashion District Roll-up drive in (10'9"w x 10'9”h)

Mini Splits and Partial HVAC Ceiling Height 13Ft Clear; Newer Cool Roof

Renovated Building (power supply 100/200a/120-240v 3p3w) Great Clear Span Space (Bow Truss Roof)

Brick Masonry Construction Within Qualified Opportunity Zone

Art Or Architectural Studio, Film/Photo; Set Design, TV/Movie East Los Angeles State Enterprise Zone Production, Photography Studio

8 9

ADDRESS BUILT GROSS SF LOT SIZE PROPERTY TYPE SALE DATE PRICE PRICE/SF PRICE/LAND SF ZONING 1 614 E 7th St 1928 1,404 3,049 Class C Warehouse 11/18/2020 $650,000 $463 $213.18 C1 Los Angeles, CA 90021

2 2027 E 7th St 1951 4,880 11,761 Class C 7/20/2020 $2,400,000 $492 $204.06 LAM3 Los Angeles, CA 90021 Manufacturing

3 720 10th St 1981 2,520 5,271 Class C Warehouse 5/21/2020 $906,000 $360 $171.88 LAM2 Los Angeles, CA 90021

4 771 E 14th St 1981 4,020 6,098 Class C Warehouse 9/30/2020 $1,500,000 $373 $245.98 M2 Los Angeles, CA 90021

5 1437 E 15th St 2007 3,101 5,210 Class C Warehouse 2/13/2020 $1,275,000 $411 $244.72 M2 Los Angeles, CA 90021

6 651 Anderson St 1926 2,000 2,178 Class C Warehouse 9/27/2018 $775,000 $388 $355.83 M2-2 Los Angeles, CA 90023

7 748 Kohler St 1932 3,300 3,485 Class C Warehouse 9/22/2020 $1,175,000 $356 $337.16 LAM2 Los Angeles, CA 90021

8 1000 S San Pedro St 1923 4,895 5,227 Manufacturing On Market $2,500,000 $511 $478.29 LAM2 Los Angeles, CA 90015

9 534 Stanford 1961 2,700 3,485 Warehouse On Market $1,075,000 $398 $308.46 LAM2 Los Angeles, CA 90013

AVERAGES 3,202 5,085 $417 $284.40

S Subject Property 1953 3,900 4,190 Manufacturing - $1,495,000 $383 $356.80 LAM2 3406 E. Olympic Blvd Los Angeles, CA 90023

11 1 614 E 7th St 2 2027 E 7th St 3 720 10th St 4 771 E 14th St 5 1437 E 15th St 6 651 Anderson St 7 748 Kohler St 8 1000 S San Pedro St 9 534 Stanford 9 1 S 3406 E. Olympic Blvd

8 6 7 3 2

4

5

S

12 Address Built/Renov Building SF SF Leased Property Type Rent Lease Type 1941/2020 25,000 4,500 Flex $1.75 /SF/Mo MG 1 3364-3386 E Olympic Blvd 4,500 Flex $1.75 /SF/Mo NNN Los Angeles, CA 90023 3,500 Flex $1.75 /SF/Mo NNN

1942 11,848 3,931 Industrial $1.20 /SF/Mo IG 2 3436-3442 E 14th St Los Angeles, CA 90023

2003 7,225 3,612 Industrial $1.50 /SF/Mo IG 3 1320 S Boyle Ave Los Angeles, CA 90023

1957 2,400 3,500 Office $1.25 /SF/Mo - 4 2860 E Pico Blvd Los Angeles, CA 90023

AVERAGE $1.53 /SF/YR

3

4 1 S

2

13 Boyle Heights is a charming, historic, and walkable working class neighborhood of almost 100,000 residents just a few miles east of downtown Los Angeles. Located just across the river from the arts district, the neighborhood is in a highly dense area of Los Angeles with over 75% of residents being renters. Recently Boyle Heights has seen a lot of interests and is a place for residents looking to escape high rents elsewhere. Boyle Heights is undergoing a real estate boom and property values have trended upward.

The community is undergoing a renaissance due to its proximity to Downtown and accessibility to public transportation. Future residents will benefit from outstanding access to retail, entertainment, and cultural venues within the immediate submarket as well as nearby neighborhoods like Downtown LA, Silverlake, Echo Park, and Hollywood. The Metro Gold Line now extends through Boyle Heights, providing light rail transit service in the Eastside.

MEDIAN HH INCOME PROPERTY VALUE POPULATION $35,264 $395,500 93,476

14 Hyatt House Hotel Reaches its Fifth Floor at the USC Health Sciences Campus

Mixed-Use Apartment Building Planned Near L.A. County + USC Medical Center

28 Affordable units and supportive housing above 1,000 SF of ground-floor retail space.

SUBJECT PROPERTY

15 The Metro Gold Line now extends through Boyle Heights, providing light rail transit service in the Eastside. Four stations on the extension are in Boyle Heights: Pico/Aliso, Mariachi Plaza, Soto and Indiana. Immediately adjacent to or within close proximity of these stations are six sites that were acquired by Metro for station construction. 16 3 2 1

2423-2431 E. 1st Street San Pablo and Alcazar Streets 1016-1030 N. State Street floor apartments site recently L Mixed neighbor Gonzalez units Heights Corporation Cielito approximately Completion AHT conference rooms, development, new construction Hyatt in . A 2017 . at County Architects retail Hyatt of - House Use 1016 Lindo . for 14 with affordable . Goodale Located The , approximately space 000 Apartment facility - House - + of 1030 is including under the Hotel II located USC building a . in the square Affordable half . Los Planned the N at Architects The upon hotel Medical approximately . its and - Reaches year 2423 Angeles State home an at applicant, belt, Building will feet supportive completion $ behind the unspecified - as ancillary 2431 1 feature Street, . Housing Center Irvine 57 stretch designed of the Department intersection its million, E Planned ground its . listed Fifth USC - 1 based an calls $ could st features originally . housing 49 at The Nears outdoor number Street, the - Health Floor according as the million - for floor developer podium Near of yield the of low second the the City include above San at announced the Youssefian - deck of shops rise Sciences L mixed a Finish construction . the Planning A affordable - to project Pablo mixed type . structure, overlooking phase County Mayer city 1 USC a , - and 000 use structure Line pool records - and use Campus schedule Family consists . Health square of structure Corp The restaurants, + units in deck Alcazar development, the which USC of Boyle project, . . 1 Trust, a is st continues Cielito - Sciences feet . in of Medical and multi designed and Street closely is a Streets, Boyle Heights acquired of four a slated anticipated 6 - and , story Lindo . 554 310 ground Center - to Campus resembles per story Heights by - an square : car will for make building East apartments Santa an the - 18 a edifice parking floor feature : roughly A , application in . : L 000 now progress feet . vacant With The A Monica its August . retail - featuring Community square - offering vacant of phase 200 structure five a half in ground lot year - space at based - Boyle guest 2020 - story - near filed acre foot one site the 28 85 of - . . , 17 6 5 4 extremely and space a Azure New area of 4 construction The Gold Bridge More • • • center forward Los L , . 265 five A the or Recovery Mental Mental . Angeles County two median project, Line Details - going square Gold Development story and apartments and Housing . - bedroom The in low Health Health a a Line through edifice Boyle 45 County Plans and 64 income feet of Emerge - which first income parking - have a - bed Adjacent Respite of five Urgent Outpatient Heights will phase Second featuring dwellings, ground filed residential substance + and filed - would story for USC levels be spaces Care plans 20 Center Proposed of . plans made Housing Medical - Phase building units floor . the Center riced 44 Center which at to withdrawal treatment to residential to Restorative - available commercial grade will redevelop of construct provide from Planned Center providing featuring Affordable "Restorative to will serve and replace . a be to . Project catering temporary as units in Metro the another Care in households space set permanent one services a Boyle an basement former Housing aside atop Village, - components manager's existing owned Care . to According affordable Heights shelter the for 8 site as , Village 000 earning supportive at is clients region's garage affordable facility property of to Mariachi square apartment to : a consist include to East : housing laundromat persons Plans living . at Metro's on Plans unhoused L or feet housing at Marengo . A housing Plaza : for of with below . development Community Soto who and call of a joint a 96 ground new : serious at . for 63 Just are 30 - population Street Station, 1800 bed development as affordable a healthcare to currently mix over the - recuperative mental 50 floor E ; Corporation . and adjacent of 1 very percent one st calls studio, commercial are Street inebriated units illnesses year low facility page, moving for of to - one with with care ago, and and the the the 43 at ; - ,

Affordable Housing at Mariachi Plaza More Gold Line-Adjacent Housing Restorative Care Village 18 The City of Los Angeles' Bureau of Engineering is working in partnership with the Federal Highway Administration and the Department of Transportation to build a new, 3500-foot long Sixth Street Viaduct, a vital transportation link through Central Los Angeles, connecting the neighborhoods of Boyle Heights and the Arts District, across the . PROJECT SCHEDULE

The original viaduct was built in 1932. Due to a chemical reaction known as 2016 Demolition of the original Sixth Street Viaduct Alkali Silica Reaction, it significantly deteriorated and needed to be replaced. To build the new viaduct, the City secured federal and state highway support to Early 2022 Scheduled completion of the new Sixth Street Viaduct fund the majority of the project. The total project cost is $482 million, making it the largest bridge project in the history of Los Angeles. The original viaduct was 2024 Scheduled completion of the Sixth Street PARC demolished in 2016.

19 The Arts District has been claimed as a Southern California one of a kind cultural Mecca. Spanning from the eastern side of downtown Los Angeles, east of Little Tokyo, and west of the Los Angeles River, the area consisting of formerly abandoned industrial buildings is considered one of the foremost thriving areas in the country today.

The Southern California Institute of Architecture (SCI-Arc), resides in the 110 year old, quarter mile-long former Santa Fe Freight Depot that has been placed on the National Register of Historic Places. Across the street is a 438- unit apartment complex, "One Santa Fe," that opened in 2014. Designed by Michael Maltzan Architecture (MMA), a Los Angeles based architecture firm, the 5 to 6 story building has 510,000-square-foot of interior space.

The Arts District remains the home of artists, arts enterprises and many employed in L.A.s film and television industry. The Arts District has as many as 800 filming days a year. Projects shot there include Meet Me in St Louis, Ed Wood, Terminator 2, Monster in Law, the TV series NCIS LA, Flash Forward, Castle, Numbers, The Office, and House. One notable film location, Lot 613 (located on 613 Imperial Street), has been the backdrop of music videos and TV Shows, such as Jason's Derulo's "Ridin' Solo" music video and the promo for Justin Timberlake's "Take Back the Night" single.

20 Art Share L.A. is a two-story, 28,000 square-foot warehouse is a creative center featuring 30 subsidized, live/work lofts on the top floor and community classes, exhibitions and events below. Art Share was created when a former textile workshop was purchased in 1997 and turned into an art space. Be sure to check the calendar for poetry and performance art events, and the gallery calendar for current showings.

Located in the heart of the Arts District, Urban Radish includes a restaurant, market, and butchery geared towards ethically and community minded foodists. For the ultimate neighborhood vibe, enjoy live jazz every Wednesday night starting at 6 p.m. over grilled foods (vegetarians, pescatarians and omnivores welcome) as well as wine and cheese tastings.

Blue Bottle, located in the artsy LA district, offers with a cup o’ joe or perhaps a Dandy Espresso, a holdover from Handsome Roasters, which used to occupy the space. Blue Bottle also has a New Orleans-style iced coffee, a cold brew that’s infused with roasted chicory.

21 Everson Royce Bar Zinc Cafe & Market Angel City Brewery Angel District Founded your is outdoor Everson brunch, but excellent Zinc enjoy events, a small, browse heart Cafe with City in and which patio Royce food in & 2010 desires their refined offers . 1997 Market a They’re with is welcome menu beer and Bar served , brewery . Angel collection the is . (aka its with open a aim until beer large site City an E tours, of . until R 2 for expansive Brewery of became . being B and p . . ) drinks, m food an midnight has . beautiful , a open is true trucks an their relocated a bar, the subdued - integral air neighborhood on specialty bartenders and space to Public weekdays, offer an to part interior with artisanal its House, . great present of can white bar the but design bites make a . market While area’s full the tile, location for you roster boozy and the open you revitalization customers any cocktail in a can’t of weekend patio, bustling the libation weekly help Arts list an to . 22 ▪ Restaurants ▪ Shopping ▪ Services

Ahmanson Theatre

LA City Hall

Adventist Health

Market Hauser & Wirth

Redbird

California Plaza California

Marukai

Bradbury Building Bradbury Angels Flight Railway Flight Angels

Geffen Contemporary Geffen Resident Coffee

LA Boulders

Little Tokyo Little

Philz

Grand Hope Hope Park Grand

The Last Last The Bookstore

ROW ROW DTLA

Sonoratown

Verve Coffee Verve

Smorgasburg

Benz

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The Santee Alley Santee The

Just Ride Just LA

Dignity Health Dignity

Mercedes

LA Trade Technical LATrade

Co., Inc Co.,

Hoisery

LA Face Mart LAFace

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